June 18, 2024
Pyroxasulfone Market

Pyroxasulfone Market is Estimated to Witness High Growth Owing to Increasing Adoption for Herbicide in Major Crops

The Pyroxasulfone market has been gaining significant traction over the past few years owing to the increasing use of pyroxasulfone as a pre-emergence herbicide for rice, wheat, corn, and other major crops. Pyroxasulfone inhibits the growth of weeds by interfering with acetolactate synthase enzyme and cell division at early stages. It provides broad-spectrum control of problem weeds such as grassy weeds and broadleaf weeds, including Chenopodium album, Echinochloa crus-galli, and Xanthium italicum. Pyroxasulfone provides effective and longer-lasting weed control with minimum toxicity to crops and thus helps farmers increase crop yields with lower production costs.

The Global Pyroxasulfone Market is estimated to be valued at US$ 318.53 Bn in 2024 and is expected to exhibit a CAGR of 13. % over the forecast period 2024 To 2031.

Key Takeaways

Key players operating in the Pyroxasulfone market are Aha! Labs, Betterworks, BirdDogHR, Javelo, Peopleflunet, Qilo Technologies, Qunatum Workplace, Workteam, Wrike, Inc. and Others. These players are focusing on developing innovative pyroxasulfone formulations and expanding their geographic presence in high-growth markets.
The key opportunities in the Pyroxasulfone Market Demandinclude its increasing use in row crops and vegetables and approval for application in new crops and countries. Several manufacturers are conducting extensive R&D to develop new pyroxasulfone formulations suitable for application through various methods like seed treatment and foliar sprays.
Pyroxasulfone Marketabout pyroxasulfone’s cost-effectiveness and benefits among farmers in developing nations. Leading companies are expanding their distribution networks in these high-potential markets to strengthen their market position.

Market drivers

The major market driver fueling the growth of the pyroxasulfone market is its increasing adoption for herbicide-resistant weed control. Pyroxasulfone provides effective weed control in major crops that are vulnerable to herbicide-resistant weeds. It controls tough weeds that have developed resistance to other herbicides. Its ability to control broad spectrum of weeds with minimal risk of developing resistance is driving its adoption among farmers globally.

PEST Analysis

Political: Pyroxasulfone is a widely used herbicide active ingredient for controlling broad-leaved weeds and grass weeds. Governments worldwide regularly evaluate and regulate the usage of such agrochemicals to ensure environmental and health safety.

Economic: The global agricultural sector has been growing steadily, driven by rising food demand from a growing population. This increases the need for high-yielding crops and fuels demand for advanced weed control solutions like pyroxasulfone.

Social: Consumers are increasingly health-conscious and prefer food produced in a sustainable manner with minimal environmental footprint. They also favor techniques that optimize crop protection while reducing chemical usage. This presents an opportunity for pyroxasulfone which is a highly effective herbicide used in minimal quantities.

Technological: Constant research into new formulations and application methods help maximize the effectiveness of existing agrochemicals while reducing the usage levels. Advancements in precision farming technologies also enable localized and targeted application of products like pyroxasulfone.

Geographical concentration

In terms of value, North America accounts for the largest share of the global pyroxasulfone market, led by the U.S. due to extensive farmlands and widespread adoption of advanced agrochemicals. Key crops where pyroxasulfone sees high usage include cereals, vegetables and oilseeds. Asia Pacific follows North America and is another major revenue generator driven by countries like China and India with their enormous agricultural output. Developing nations in Latin America and the Middle East & Africa also contribute significantly to the overall market revenues.

Fastest growing region

The Asia Pacific region, notably China and India, offers the highest growth potential for the pyroxasulfone market during the forecast years. This is attributed to factors like rapidly expanding agricultural sector, improving farmer incomes, acceptance of high-tech farming practices and increasing cultivable area in these countries. The large farm land available and rising demand for food also drives the governments’ support for advanced solutions that can boost crop productivity sustainably.

*Note:
1. Source: Coherent Market Insights, Public Source, Desk Research
2. We have leveraged AI tools to mine information and compile it